2026-01-23 09:28:15

1.23 Friday Bitcoin and Ethereum Afternoon Analysis

Currently, market volatility is limited, maintaining a weak trend, and it is still suitable to establish short positions. Recently, prices have been oscillating within the key level zone around 90,000, neither effectively breaking downward nor forming a significant rebound.

From a time cycle analysis, the past two days show a regular pattern of a rebound in the early session followed by a decline during the European and American trading hours. Considering today is Friday, unless there is a major fundamental change to break the current pattern, a range-bound trading strategy should continue.

Bitcoin around 89,500 looking at 88,000
Ethereum around 2,950 looking at 2,850
#BTC #ETH #BNB

BNB0,73%

ETH0,47%

BTC0,45%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

6 Likes